Bull Market on XRP - Will the downtrend continue?

XRP has started a new round of decline below the $2.650 mark. The price is consolidating losses and may encounter resistance at $2.550.
XRP fell again below $2.650.
Price higher than $2.40, and 100-hour SMA.
Hourly XRP/USD chart shows a short-term uptrend channel with support around $2.40.
If it stays below $2.550, the currency pair may fall.
The price resistance of XRP
XRP, like Bitcoin and Ethereum, fell from the resistance level of $3.00. The price dropped below $2.80 and $2.60.
The bear market will push prices down to 50% Fibonacci retracement below $1.95 to $3.00. Ultimately, the Bull Market is approaching the $2.20 support level. A bottom has been formed, and prices are trying to bounce back above $2.30.
The price is above $2.40 and the 100-hour SMA. The hourly XRP/USD chart shows a short-term uptrend channel, with support near $2.40.
The price may encounter resistance around $2.550. The first significant resistance is near $2.650. The next barrier is $2.750. A clear break above $2.750 may push the market to over $2.80.
More progress could push the price towards $2.880 or $2.920. $3.00 could be the next challenge for the bulls.
Another drop?
If XRP fails to break through $2.550, it may fall again. The first support level for the downside risk is at $2.40. The next important support level is near $2.320.
If the price falls below and closes below $2.320, it may break below the 76.4% Fibonacci retracement level from the low of $1.95 to the high of $3.00. The next key support is near $2.120.
Technical Indicators
The hourly MACD of XRP/USD is decreasing in the negative zone.
Hourly RSI for XRP/USD is above 50.
Key support levels: $2.40, $2.320.
Two main resistance levels: $2.550 and $2.750.